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A corporation issued 160 shares of its $5 par value common stock in payment of a $2,400 bill from its CPA for filing its charter

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A corporation issued 160 shares of its $5 par value common stock in payment of a $2,400 bill from its CPA for filing its charter with the state. The entry to record this transaction will include: Multiple Choice A $800 debit to Organization Expenses. A $1,600 credit to Paid-in Capital in Excess of Par Value, Common Stock. A $2,400 debit to Legal Expenses. A $2,400 credit to Common Stock. A $2,400 credit to Cash

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